Nifty ends flat paring gains, up 5 points

The benchmark Nifty staggered from days highs to end flat, marginally up by 5.15 points as investors conventionally sticking to caution on days ahead of 'Union Budget'.
Also, extreme volatility was seen due to tomorrow's expiry of February derivative contracts as well as Railway budget, though buying as well as tinge of short covering in key
FMCG and IT counters amid range-bound momentum led the index to trade above the crucial 8,800-level most of the session.
However, late bout of profit-taking in Pharma, Banking, Infra, Metals segments coupled with shares from Midcap and Smallcap companies led the index to drain most of its gains.

The broader 50-share Nifty hovered between a high of 8,840.65 and a low of 8,751.40 before closing at 8,767.25, showing a marginal gain of 5.15 points, or 0.06 per cent, over its previous close.
Meanwhile, Global credit rating agency Moody's Investors Service stressed for country's fiscal reforms for upgrade its ratings.

Elsewhere, Foreign portfolio investors (FPIs) bought shares worth a net Rs 697.28 crore yesterday as per provisional data released by the stock exchange.
The Asian markets ended higher taking cues from Wall Street's gains overnight over dovish testimony by Federal Reserve Chair Janet Yellen.
Major gainers from the Nifty pack included ACC, HDFC, Infy, BhartiArtl, Ultracem, AsianPaint, Cairn, Ambuja Cem, Wipro and ITC.

While the notable losers were Dr Reddy, Tata Steel, Sunpharma, Tata Power, HDFC Bank, BHEL, L&T, Zeel, PowerGrid and TCS.
Turnover in the cash segment fell to Rs 16,547.33 crore compared to Rs 17,657.17 crore yesterday. A total of 8,115.42 lakh shares changed hands in 71,17,839 trades. The market capitalisation at NSE stood at Rs 100,94,117 crore.